ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AT40 = 69.6% of stocks are trading above their respective 40-day moving averages (DMAs) (ends 1-day overbought period) AT200 = 63.1% of stocks are trading above their respective 200DMAs VIX = 12.1Short-term Trading Call: neutral Stock Market Commentary The stock market finally pushed into overbought territory on Thursday. The breakout only lasted for a day. … Read more
AT40 = 71.2% of stocks are trading above their respective 40-day moving averages (DMAs) (overbought day #1) AT200 = 63.8% of stocks are trading above their respective 200DMAs (11-month high) VIX = 12.3Short-term Trading Call: neutral Stock Market Commentary Whispers of bearish divergences are finally over. I did not think overbought conditions would happen anytime … Read more
AT40 = 58.7% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 59.0% of stocks are trading above their respective 200DMAsVIX = 12.6Short-term Trading Call: neutral Stock Market Commentary The bearish signals are growing, but they are still not impeding this resilient stock market. The ever so shallow selling acts like a … Read more
AT40 = 63.5% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 60.3% of stocks are trading above their respective 200DMAsVIX = 14.0Short-term Trading Call: neutral Stock Market Commentary The stock market started the new decade with wild swings. After starting the first trading day of the decade with a 0.8% gain … Read more
A turn-around in a beaten down stock needs to start somewhere. In mid-September, I painfully put Jumia (JMIA) in the bearish column. The stock lost another 52% in just two months before finally bottoming. JMIA ended 2019 with a higher low and a higher high as part of a confirmed breakout above resistance at its … Read more